Good morning everyone! Today is Monday, March 1, and here’s a quick look back at Friday’s news… Profits and revenue decline at Debevoise & Plimpton… Ogletree Deakins open a new office in Orange County, California… Donchess & Notinger claim in a court filing that a bankruptcy case is creating a financial hardship for the firm… Seyfarth Shaw releases details [...]
Continue reading...Friday, February 26, 2010
Debevoise & Plimpton report that gross revenue dropped 12% at the firm and profits per equity partner dropped even further due to poor economic conditions in 2009. Revenue dropped to $667.9 million and profits per partner dropped 16% to $1.87 million. These drops came on the heels of a decline in corporate work and the [...]
Continue reading...Wednesday, December 23, 2009
Making partner at a big New York firm has been a possibility for only the shining stars of the legal profession. In this recession, however, the chances of becoming partner have quickly gone from bad to worse. At many prominent firms, the number of new partners has significantly dropped: four at Cleary Gottlieb [...]
Continue reading...Friday, November 27, 2009
Good morning one and all! It’s Friday, November 27, and now that the triptophan has hopefully worn off, here’s a look at wednesday’s headlines. Scott Rothstein has been officialy disbarred… Debevoise & Plimpton announced their bonus schedules… And so did Davis Polk… and in Switzerland, film director Roman Polanski has been granted bail…
Continue reading...Wednesday, November 25, 2009
-Insert cookie cutter story here- Debevoise & Plimpton announced bonuses today. Second verse, same as the first… I’m rapidly running out of new and creative ways to say this, so here it is – it’s the same bonus schedule first issued by Cravath, then followed by Cleary Gottlieb, Skadden, Wilkie Farr, Simpson Thatcher, and Davis [...]
Continue reading...Tuesday, August 11, 2009
Working Mother Magazine and Flex-Time Lawyers have announced their 2009 Best Law Firms for Women. The accolade is awarded based on attention to work-life and women’s issues, and the increased use of part-time and other family-friendly policies. Firms with at least 50 lawyers were eligible to apply, and the application included detailed questions about issues that are [...]
Continue reading...Wednesday, July 29, 2009
Debevoise & Plimpton has hired two banking partners away from Goodwin Procter. Gregory Lyons joins Debevoise & Plimpton as a partner in New York. He will be Co-Chair for the Americas of the firm’s Financial Institutions Group. He was co-chair of the Financial Services Practice at Goodwin, and chair of its banking practice in Boston. Satish [...]
Continue reading...Thursday, May 7, 2009
Senior legal executives from The Coca-Cola Company, Microsoft, Wal-Mart and 11 more Fortune 500 companies, with the managing partners of O’Melveny & Myers, DLA Piper, Debevoise and other leading law firms, have announced the formation of the Leadership Council on Legal Diversity. The new organization of chief legal officers and law firm managing partners is dedicated [...]
Continue reading...Monday, March 2, 2009
New York’s Debevoise & Plimpton announced that its 2008 gross revenue climbed 7.2%, while profits per partner fell nearly 3%. Revenue grew to $760.8 million, but profits per partner dropped to $2.23 million. The drop-off in profitability followed declines at other New York-based firms, such as Skadden, Arps, Slate, Meagher & Flom; Sullivan & Cromwell; and Davis [...]
Continue reading...Tuesday, February 17, 2009
Former Attorney General Michael B. Mukasey announced this afternoon that he will join the law firm Debevoise & Plimpton as a partner. The retired federal judge from New York will handle corporate investigations for the firm. Mukasey left his post as the nation’s chief law enforcement officer last month after spending more than a year in Washington. [...]
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Monday, March 1, 2010
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